Divested Assets

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Toronto

25 Imperial Street

Location

Yonge & Davisville

Size

24,000 Sq Ft Office

Highlights

280 Meters from Subway

Development

Great Development Potential

Purchased

November 2015

Divested

Summer 2017

The property was purchased as an income producing asset at a 5 cap. The area was going through a major transformation. IE MGT were able to re position the leases and reducing the operating expenses during our 18 month ownership. Ultimately the property was sold to a developer.

Area Features

Midtown Toronto

Midtown Toronto, one of four central business districts outside Downtown Toronto.

According to a survey conducted in 2017 by Toronto Life, it was the highest-ranked neighbourhood in Greater Toronto in terms of housing, crime rate, transit, health, entertainment, people and employment. It is surrounded by a number of the country’s highly affluent neighbourhoods.